REG - Reach PLC - Director/PDMR Shareholding

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RNS Number : 4654A  Reach PLC  14 April 2026

14 April 2026

 

Reach plc (the Company)

 

Notification of Transactions by Persons Discharging Managerial
Responsibilities (PDMRs)

 

 

Grant of 2026 Awards under the Reach Long Term Incentive Plan (LTIP)

 

On 13 April 2026, the Company granted nil-cost option awards over ordinary
shares of 10p each in the capital of the Company under the LTIP to Piers
North, Chief Executive Officer and Darren Fisher, Chief Financial Officer.

 

The number of shares under the LTIP awards was calculated using the
three-month average share price to the date of grant of 63.1p per share.

 

Subject to continued service the LTIP awards may vest and become exercisable
from the third anniversary of their grant to the extent performance conditions
measured over a three-year period are achieved. Details of the performance
conditions can be found out on pages 95 and 96 in the Company's 2025 Annual
Report.

 

Vested LTIP awards will also be subject to a post-vesting holding period of
two years. During the holding period, restrictions will apply to the sale or
other disposal of the shares (other than to satisfy any tax liability). An
additional award of shares equal in value to any dividends paid during the
vesting period may be made on the release of the awards.

 

The notifications below, which have been made in accordance with the
requirements of the Market Abuse Regulation, provide further detail.

 

Grant of 2026 Awards under the Reach plc Restricted Share Plan (RSP)

 

On 13 April 2026, the independent trustee (the Trustee) of the Company's
Employee Benefit Trust based in Jersey (the Trust) notified the Company it has
granted restricted share awards to the following Directors under the RSP. The
number of shares subject to the restricted share awards has been calculated
using the same three-month average share price as for the LTIP awards noted
above.

 

Under the terms of the RSP, the participant is the beneficial owner of the
restricted shares but the shares are held in trust by the Trustee who remains
the legal owner until the shares are released at the end of the three-year
vesting period (the Restricted Period).

 

During the Restricted Period, a participant may not dispose of the restricted
shares, and cannot vote or receive any dividends in respect of the restricted
shares. An additional award of shares equal in value to any dividends paid
during the Restricted Period may be made on the release of the awards.

 

The restricted share awards relate to the deferral of a portion of bonus in
accordance with the Company's Directors' Remuneration Policy.

 

The notifications below, which have been made in accordance with the
requirements of the Market Abuse Regulation, provide further detail.

 

 

 1    Details of the person discharging managerial responsibilities / person closely

    associated

 a)   Name                                                         Piers North

 2    Reason for the notification

 a)   Position/status                                              Chief Executive Officer

 b)   Initial notification /Amendment                              Initial Notification

 3    Details of the issuer, emission allowance market participant, auction

    platform, auctioneer or auction monitor

 a)   Name                                                         Reach plc

 b)   LEI                                                          213800GNI5XF3XOATR61

 4    Details of the transaction(s): section to be repeated for (i) each type of

    instrument; (ii) each type of transaction; (iii) each date; and (iv) each
      place where transactions have been conducted

 a)   Description of the financial instrument, type of instrument  Ordinary 10p Shares

      Identification code                                          GB0009039941

 b)   Nature of the transaction                                    a.   Grant of nil-cost share option award under the Reach Long Term

                                                            Incentive Plan

                                                            b.   Grant of restricted shares under the Reach plc Restricted Share Plan

 c)   Price(s) and volume(s)

  Price(s)  Volume(s)
                                                                   a.  £nil      1,139,619

                                                            b.  £nil      352,835

 d)   Aggregated information

      - Aggregated volume                                          1,492,454

      - Price                                                      £nil

 e)   Date of the transaction                                      2026-04-13

 f)   Place of the transaction                                     Outside a trading venue

d)

 

Aggregated information

- Aggregated volume

1,492,454

- Price

£nil

e)

 

Date of the transaction

 

2026-04-13

f)

 

Place of the transaction

 

Outside a trading venue

 

 

 

 1    Details of the person discharging managerial responsibilities / person closely

    associated

 a)   Name                                                         Darren Fisher

 2    Reason for the notification

 a)   Position/status                                              Chief Financial Officer

 b)   Initial notification /Amendment                              Initial Notification

 3    Details of the issuer, emission allowance market participant, auction

    platform, auctioneer or auction monitor

 a)   Name                                                         Reach plc

 b)   LEI                                                          213800GNI5XF3XOATR61

 4    Details of the transaction(s): section to be repeated for (i) each type of

    instrument; (ii) each type of transaction; (iii) each date; and (iv) each
      place where transactions have been conducted

 a)   Description of the financial instrument, type of instrument  Ordinary 10p Shares

      Identification code                                          GB0009039941

 b)   Nature of the transaction                                    a.   Grant of nil-cost share option award under the Reach Long Term

                                                            Incentive Plan

                                                            b.   Grant of restricted shares under the Reach plc Restricted Share Plan

 c)   Price(s) and volume(s)

  Price(s)  Volume(s)
                                                                   a.  £nil      934,876

                                                            b.  £nil      244,412

 d)   Aggregated information

      - Aggregated volume                                          1,179,288

      - Price                                                      £nil

 e)   Date of the transaction                                      2026-04-13

 f)   Place of the transaction                                     Outside a trading venue

d)

 

Aggregated information

- Aggregated volume

1,179,288

- Price

£nil

e)

 

Date of the transaction

 

2026-04-13

f)

 

Place of the transaction

 

Outside a trading venue

 

 

 

 

 

 

Enquiries

 Reach                                      020 7293 3000
 Georgina Sharley, Group Company Secretary
 Teneo                                      020 7353 4200
 Giles Kernick

 LEI: 213800GNI5XF3XOATR61

 

 

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